People in the West are always getting ready to live - Chinese proverb
The report, at news.com, said that instead Transmeta may license its technology to others.
While there were high hopes for Transmeta before it introduced its first processors, design wins for the products it made have been scanty.
And the firm suffered from production problems for its processors at a critical time in its existence.
Only a handful of firms, mostly Japanese, make products using Transmeta chip technology.